RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ENPH
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Enphase stock price down 4.47% on Tuesday
(Updated on Apr 30, 2024)

Sell candidate since Apr 26, 2024 Loss -2.83% PDF

The Enphase stock price fell by -4.47% on the last day (Tuesday, 30th Apr 2024) from $113.85 to $108.76. During the last trading day the stock fluctuated 2.99% from a day low at $108.69 to a day high of $111.95. The price has risen in 6 of the last 10 days but is still down by -1.55% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -357 thousand shares and in total, 3 million shares were bought and sold for approximately $298.99 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $105.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.48% during the next 3 months and, with a 90% probability hold a price between $99.84 and $123.05 at the end of this 3-month period.

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ENPH Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.14%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Enphase stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $110.50 and $113.88. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Enphase stock

Enphase finds support from accumulated volume at $107.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.26 between high and low, or 2.99%. For the last week, the stock has had daily average volatility of 6.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ENPH) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Enphase Energy to open at $109.80, and during the day (based on 14 day Average True Range), to move between $102.10 and $115.42, which gives a possible trading interval of +/-$6.66 (+/-6.13%) up or down from last closing price. If Enphase Energy takes out the full calculated possible swing range there will be an estimated 12.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $107.83 (0.86%) than the resistance at $116.88 (7.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Enphase Energy stock A Buy?

Enphase holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.409 Sell Candidate Unchanged

Predicted Opening Price for Enphase Energy of Wednesday, May 1, 2024

Fair opening price May 1, 2024 Current price
$109.80 ( 0.95%) $108.76

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ENPH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 113.05 3.95 %
R2 111.81 2.80 %
R1 111.04 2.10 %
Current price: 108.76
Support S1 108.55 -0.189 %
S2 107.79 -0.89 %
S3 106.54 -2.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 128.90 18.52 %
R2 117.51 8.05 %
R1 116.88 7.47 %
Current price 108.76
Support S1 107.83 -0.86%
S2 107.17 -1.46%
S3 97.80 -10.08%

FAQ

What is the symbol for Enphase Stock and on which exchange is it traded?
The symbol for Enphase is ENPH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Enphase Stock?
Enphase holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Enphase Stock?
Enphase Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Enphase Stock.

What's the current price of Enphase Stock?
As of the end of day on the Apr 30, 2024, the price of an Enphase (ENPH) share was $108.76.

What is the 52-week high and low for Enphase Stock?
The 52-week high for Enphase Stock is $192.22 and the 52-week low is $73.49.

What is the market capitalization of Enphase Stock?
As of the Apr 30, 2024, the market capitalization of Enphase is 15.491B.

When is the next earnings date for Enphase?
The upcoming earnings date for Enphase is Jul 25, 2024.
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About Enphase Energy

Enphase Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level, and combines with its proprietary networking and software technologies to provide energy monitoring and control services. It also offers AC... ENPH Profile

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